GREY:LSTMF - Post by User
Comment by
UniverseofLimeson Aug 16, 2016 10:40pm
217 Views
Post# 25148590
RE:RE:So what now?
RE:RE:So what now?Again, look at the graph since inception of Lightstream, formerly Petrobakken, and decide if you think this company has ever worked for the shareholders. Wright has only and will only destroy shareholder value, yet the shareholders pay him to continue working his magic and his magic always translates into a red colour on the exchange with a graph that looks like a cascading waterfall.
bushhog1 wrote: 3.5 years ago, LTS had about $3.5B worth of Assets.
Since then they revalued and wrote off all their Assets.
They still have all these Assets (included tangibles) plus additions
Now they trying to sell 95% of these Assets to the Secured Bondholders
for $650us
Lightstream surely is not working for Shareholders.
Interesting to see them pull this off.